Rawlings, Philip K.; Reguera, David; Reiss, Howard - In: Physica A: Statistical Mechanics and its Applications 343 (2004) C, pp. 643-652
Based on the assumption that certain economies achieve quasi-equilibrium, an appropriate economic statistical thermodynamics is formulated in which entropy emerges naturally. Under the assumption that the small group of high income agents, whose income distribution satisfies Pareto's law, does...